Brexit

[Craiglxviii]

Joke or not Craig, WE - that's you, me and the other idiots who vote for our politicians pay the interest on it. Or rather we don't - which is why it's still growing. Even if you halve the number it's not possible to pay it off!

My point is, that clock increases at a rate determined by a simple equation. It takes no reference to real world events.

National debt is a really complex thing. It is also the basis for every existing currency (fiat). So having some, or indeed a lot doesn't necessarily mean that we're in the brown n smelly. After all, should the nation default who is going to make it pay? No one actually can.

My point is that despite all of this, financially as a nation we really aren't badly off at all. We have an inherently strong economy and gubmint looks set to support that even more as Brexit goes on- which is good. That means we can continue to generate produce, produce means trade and trade means revenue in foreign hard currency, which is used to service debt and continue trade.

That's why it's a joke. It's far too simplistic to represent anything like the actual situation.

 

[Frontstep]

The debt figures are largely illusory and not an obsession for the real life economist, as you point out no one is knocking too hard on the door for it.

Can we service it is all that matters, having no debt in a time of super low interest rates is not very smart financially.

What we do with the money is the issue spend it wisely and its a bargain.


I have a few friends building very large businesses because of cheap money should rates take off then we all need to worry at the moment they remain stubbornly low ask anyone who thought that pot of money would glide them through retirement.

Neither an lender nor a borrower be has always been b******s knowing when to move on the see saw was always the trick.

 

[prwales]

some think that Phil the Greek might fall foul of the Brexit restrictions

 

[triumphstag]

some think that Phil the Greek might fall foul of the Brexit restrictions

Yeah, apart from the slight issue with that.... he was here long before we were members of the EEC (remember the thing we signed up to) or before the EU existed.

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[Frontstep]

some think that Phil the Greek might fall foul of the Brexit restrictions

Where did you get that from the Republican weekly, didn't your mother tell you not to buy those top shelf magazines.

 

[M80]

So, Little [STRIKE]England[/STRIKE] well UK is skint.
Our national debt is growing, and it's difficult to see how that will be realistically reversed, especially as and when interest rates return to higher rates.
The debt has been equated to £'s of debt (or $'s if preferred) per head of population.

So each of us in the UK is contributing, not to the countries wealth but, to its increasing debt.

My logic says we need less people here as we can't afford us as we are. More people aren't helping our situation but are only needed to do the work we don't wish to do.
To improve our situation we need to do these jobs and even become more efficient with overall productivity.

As I've said before I'm not into reversing immigration, any more than a natural reduction that might occur, but making the best of what we have and controlling better in the future.

It's a shame we can't save a fortune by sending the politicians to, well anywhere. And right now I think Sturgeon should be first to be sent.

 

[Xtractorfan]

If we send people home doesn't that man that our individual debt increases, now who would want that .

 

[Frontstep]

Nicola played her referendum hand today conveniently forgetting she took part in a referendum campaign as a confirmed member of the United Kingdom.

She would like a referendum before she knows what' what and oblivious to the fact article 50 triggers The whole of the UK's exit, surely she would be better placed looking for an agreement from the EU to take Scotland on its own first.

She hasn't got one

Otherwise she might find herself very much alone no UK and no EU.

Everyone who voted in the referendum took part knowing that it was in or out for all of us not region by region.

I suppose we could get the Donald to build a wall.

 

[LostKiwi]

Nicola played her referendum hand today conveniently forgetting she took part in a referendum campaign as a confirmed member of the United Kingdom.

She would like a referendum before she knows what' what and oblivious to the fact article 50 triggers The whole of the UK's exit, surely she would be better placed looking for an agreement from the EU to take Scotland on its own first.

She hasn't got one

Otherwise she might find herself very much alone no UK and no EU.

Everyone who voted in the referendum took part knowing that it was in or out for all of us not region by region.

I suppose we could get the Donald to build a wall.

She can't negotiate with the EU until she gains independence from the UK as until then "Scotland" has no legal standing.

A bit like the UK being part of the EU so until it separates it can't sign any trade agreements as it has no legal standing in the WTO.

I wish I was practising international law - the gravy trains just starting to roll!

 

[C350Carl]

She'll also be out of NATO if Scotland vote yes.

 

[bembo449]

I really fail to see what sturgeons boggle is ? lil woman syndrome perhaps ?

 

[Frontstep]

So, Little [STRIKE]England[/STRIKE] well UK is skint.
Our national debt is growing, and it's difficult to see how that will be realistically reversed, especially as and when interest rates return to higher rates.
The debt has been equated to £'s of debt (or $'s if preferred) per head of population.

So each of us in the UK is contributing, not to the countries wealth but, to its increasing debt.

My logic says we need less people here as we can't afford us as we are. More people aren't helping our situation but are only needed to do the work we don't wish to do.
To improve our situation we need to do these jobs and even become more efficient with overall productivity.

As I've said before I'm not into reversing immigration, any more than a natural reduction that might occur, but making the best of what we have and controlling better in the future.

It's a shame we can't save a fortune by sending the politicians to, well anywhere. And right now I think Sturgeon should be first to be sent.

The logical answer must surely be to send away the non productive ones which is a problem as quite a few have British Passports and lived here all their lives, some are apparently propping up the House of Lords .

Immigration is great when its controlled.

I suggest we swap ten British layabouts for one good migrant not sure who would want them though perhaps we would have to provide a "dowry"

 

[bembo449]

I don't think anyone can begrudge the immigrants who contribute to the british way of life but there are way too many who come here and abuse the system , admittedly its so badly set up its just asking for it ! born and bread brits do exactly the same thing and I despise them in equal measure

 

[lwbnick]

So each of us in the UK is contributing, not to the countries wealth but, to its increasing debt.

I'm not.

I have a normal everyday car that's paid for, a house that's paid for, everything I own is paid for.

Meanwhile I read about 99% of new Mercedes are on PCP, I have to wait for payday before I get any customers, supposedly 55% of people could not find £500 if they needed it...

As I've said before I'm not into reversing immigration, any more than a natural reduction that might occur, but making the best of what we have and controlling better in the future.

Shoot all the old people, problem solved.

The only decent customers I have now are immigrants, they are the only ones capable of paying for stuff at any point in the month, and the only ones who actually seem to work hard.

 

[Craiglxviii]

She'll also be out of NATO if Scotland vote yes.

You heard what she asked for last time, right? Two frigates, three OPVs, two squadrons of Typhoons, a wing of rotary air and 8 inf bn plus support arms.

We should have said yes, then bought Scotland again three years later when the money to run just that lot ran out.

 

[ToonArmyMick]

I don't think anyone can begrudge the immigrants who contribute to the british way of life but there are way too many who come here and abuse the system , admittedly its so badly set up its just asking for it ! born and bread brits do exactly the same thing and I despise them in equal measure

I whole heartedly agree!

Around 20% of the people who work for me are of Polish/Slovakian/Eastern European origin and I can honestly say they're the best workers I have!

I don't begrudge them a single thing (the immigants that work and contribute). If I lived in a country with no jobs or no prospects, I'd move abroad to find work too!

I also think part of the problem in this day and age is a sense of 'entitlement' with a certain proportion of the population. For example, my company recently started a scheme with the local job centre where we gave local unemployed people paid work experience and the people that were sent admitted they werent interested and only turned up so that their benefits weren't sanctioned. The initiative was so poorly attended that it was stopped after only a couple of weeks.

 

[Craiglxviii]

I whole heartedly agree!

Around 20% of the people who work for me are of Polish/Slovakian/Eastern European origin and I can honestly say they're the best workers I have!

I don't begrudge them a single thing (the immigants that work and contribute). If I lived in a country with no jobs or no prospects, I'd move abroad to find work too!

I also think part of the problem in this day and age is a sense of 'entitlement' with a certain proportion of the population. For example, my company recently started a scheme with the local job centre where we gave local unemployed people paid work experience and the people that were sent admitted they werent interested and only turned up so that their benefits weren't sanctioned. The initiative was so poorly attended that it was stopped after only a couple of weeks.

Tallies with my own experiences of a few years back.

 

[Frontstep]

I'm not.

I have a normal everyday car that's paid for, a house that's paid for, everything I own is paid for.

Meanwhile I read about 99% of new Mercedes are on PCP, I have to wait for payday before I get any customers, supposedly 55% of people could not find £500 if they needed it...



Shoot all the old people, problem solved.

The only decent customers I have now are immigrants, they are the only ones capable of paying for stuff at any point in the month, and the only ones who actually seem to work hard.

I can't wait for control over our borders then all the decent hardworking migrants of whom I have indirectly employed many are not lumped in with the deadbeats who come.
We have reached the rather sad stage of migrant fatigue in our country that genuine refugees are left festering whilst any scallywag who wants to comes waves his EU passport.

Hard working people with great offerings are shacked up in crowded dumps their children struggling for school places all because we couldn't control our borders.

 

[LostKiwi]

I can't wait for control over our borders then all the decent hardworking migrants of whom I have indirectly employed many are not lumped in with the deadbeats who come.
We have reached the rather sad stage of migrant fatigue in our country that genuine refugees are left festering whilst any scallywag who wants to comes waves his EU passport.

Hard working people with great offerings are shacked up in crowded dumps their children struggling for school places all because we couldn't control our borders.

Presumably you have proof of your statements?

Pretty much every report I've seen says that immigrants EU and non-EU claim less benefits as a percentage of the population than home grown work dodgers. We'd be better off dealing with the 'entitled' local work shy first - shall we start with compulsory deportation to Australia for anyone out of work for 5 years - oh hang on, that's not a punishment anymore is it?

Even more to the point EU immigrants take less out of the system than Non-EU immigrants (you know - the ones that don't have access to benefits as part of EU membership that we've been able to control for years, except the marvellous Mrs May couldn't!).


https://www.google.co.uk/amp/www.ne...they-claim-there-problem-and-what-does-pm?amp

https://fullfact.org/immigration/migration-and-welfare-benefits/

 

[Headhurts]

It saddens me that there seem to be an attitude that UK born workers seem to be given the label that a disproportionate number of them are work shy benefit claimants whereas immigrants are hard working non benefit claiming workers.

Of course that excludes all of us on this forum who work hard pay all our taxes and don't claim benefits.

The truth is there will be a mix of both amongst immigrants and UK born people.

I still believe the Brexit vote was little to do with economics more to do taking back control of our laws, destiny etc.


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